www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
China
Home / China / View

Trump's trick-or-treat on trade

By Don Bonker | China Daily USA | Updated: 2015-11-19 12:07

Donald Trump's campaign rhetoric, however absurd, is boastfully driving the debate among Republicans on issues such as immigration, but it's his blistering attacks on US trade policy that are more alarming.

Back in 2011 the New York-based tycoon made headlines by suggesting the US arbitrarily increase tariffs by 25 percent on all goods coming in from China, as if there would be no retaliation on our exports to that country. In his campaign announcement speech, he threatened a 35 percent tax on Ford vehicles made in Mexico, vowing to limit imports from China and other Asian countries.

Not surprisingly Donald Trump wants it both ways, asserting that free trade is terrible because we have "stupid" officials doing the negotiating, yet it could be wonderful if he calls the shots and has the final word (someone should inform him about the US Constitution, which clearly states that Congress shall regulate interstate and foreign commerce). This may be how he cuts backroom business deals but it's unacceptable as the leader of the world's number-one economy.

What's scary is Trump teaming up with Congressional Democrats in blocking trade agreements and erecting higher tariffs on foreign imports. His message resonates with blue-collar Democrats when he lectures China, saying "we've got to get down to work because you can't continue to devalue and suck up all the jobs, suck up all the money right out of our country."

As Congress is deliberating the Trans-Pacific Partnership (TPP), and the accompanying trade promotion authority, labor union leaders have made it crystal clear to any Congressman who dares to vote for the trade legislation that "we will cut the spigot off on future donations to your campaign."

Such fear tactics combined with viral protectionism spreading across the country, tapped into by Bernie Sanders and now Hillary Clinton switching her position on TPP, is undermining the president they helped to elect.

Using Donald Trump's words, "to make America great again," our president must be a strong leader in today's global economy, which Barack Obama has attempted to do with initiatives such as TPP, intended to give the US a stronger presence in the Pacific Rim and provide a protective shield for Asian countries threatened by China's enormous growth and influence in the region. On this issue and others, including the Iranian Nuclear Agreement, both parties are, in effect, politicizing America's foreign policy that is compromising our one-time undisputed leadership internationally.

Such actions could lead to a trade war with China and beyond. In the 1928 presidential election, Herbert Hoover was less pompous than Donald Trump but nonetheless called for higher tariffs that set the stage for a Republican Congress poised to run amok on limiting foreign imports.

Shortly after the elections, hundreds of trade associations were formed that triggered an unbridled frenzy of log-rolling, jockeying for maximum protection for commodity and industry producers leading to enactment of the Smoot-Hawley Tariff Act that hiked import fees up to 100 percent on more than 20,000 imported products.

On the Senate side, another 1,200 amendments were added that proved so egregious they prompted Senator Thaedeus H. Caraway of Arkansas to declare that "I might suggest that we have taxed everything in this bill except gall," to which Senator Carter Glass of Virginia responded, "Yes, and a tax on that would bring considerable revenue."

The legislation prompted 1,000 of the nation's leading economists to sign a petition urging Hoover to veto the Smoot-Hawley Act, while the New York Times printed an ad with signatures from 46 states and 179 universities warning that signing the bill may prompt a fierce reaction.

Indeed within a few months, America's leading trade partners retaliated causing world trade to plummet by more than half of the pre-1929 totals, one of several factors that precipitated the Great Depression.

A Trump presidency would have plenty of gall, to be sure, but it is certainly not what is needed to make America great again.

The author is a former US Congressman.

Editor's picks
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 成年女人看片免费视频频 | 在线观看一级片 | 高清黄色毛片 | 亚洲午夜精品久久久久久抢 | 亚洲欧美不卡中文字幕 | 国产乱子伦在线观看不卡 | 九九视频在线观看视频23 | 最新国产午夜精品视频成人 | 波多野结衣在线播放 | 免费女人18毛片a级毛片视频 | 欧美日韩视频免费播放 | 全部免费a级毛片 | 久久精品视频一区二区三区 | 亚洲精品一区专区 | 欧美亚洲国产成人精品 | 激情欧美一区二区三区 | 2022麻豆福利午夜久久 | 99午夜高清在线视频在观看 | 日本一道免费一区二区三区 | 在线观看免费精品国产 | 中文字幕无线码中文字幕网站 | aaaaaa级特色特黄的毛片 | 欧美另类特大 | 日本精品中文字幕有码 | 毛片在线视频观看 | 成人a视频 | 亚洲第一影院 | 美女扒开腿让男人桶 | 国产精品拍拍拍福利在线观看 | 成人免费高清视频 | 欧洲免费无线码一二区 | 国产一区二区福利久久 | 综合在线视频 | 久久国产精品99久久久久久牛牛 | 蕾丝视频永久在线入口香蕉 | 亚洲美女在线观看播放 | 另类女最新视频 | 一级毛片日韩a欧美 | 一级欧美过瘾大片 | 另类二区三四 | 国产在线观看午夜不卡 |